How to Get Rs 2 Lakh Personal Loan on Aadhar Card?
Hero FinCorp, an RBI-licensed NBFC, is a trusted financial partner that helps you get quick fund support. If you are looking for a 2 lakh loan on an Aadhaar card, it is important to note that the Aadhaar card alone won't get you the loan. You need to show more documents, like a PAN card, salary slips, and other valid proofs of income.
We make sure that the loan approval process goes quickly, and the approved loan amount is quickly deposited into your bank account. It’s a simple, reliable solution powered by the convenience of your Aadhaar card.
What is a Rs 2 Lakh loan on an Aadhaar card?
A Rs 2 Lakh loan on an Aadhaar card is a Personal Loan where you can borrow up to Rs 2 Lakh based on your Aadhaar card and a few other criteria.
Benefits of 2 Lakh Loan on Aadhar Card
Hero FinCorp's Rs 2 Lakh loan on an Aadhaar card offers a wide range of benefits for the borrowers. With our loan, you can get the freedom to financial flexibility and utmost convenience. Here are the benefits:
- Flexible Loan Amount: Address various financial requirements with a 2 Lakh loan.
- Collateral-Free Loans: Secure unsecured loans without the need for collateral.
- Attractive Interest Rates: Enjoy competitive interest rates, facilitating affordable repayments.
- Flexible Repayment Term: Choose from different tenure options that align with your financial situation.
- 24-Hour Disbursal: Experience the convenience of loan disbursal within 24 hours for immediate access to funds.
Also, Read: How to Check Your Current Cibil Score by Aadhar Card?
Eligibility Criteria for 2 Lakh Instant Personal Loan on Aadhar Card
- Citizenship & Age: Indian citizenship and an age range of 21 to 58 years.
- Occupation: Available for both salaried and self-employed individuals.
- Work Experience: Salaried individuals need at least six months of employment, while self-employed individuals require a minimum of 2 years of business experience.
- Maximum Loan Tenure: Enjoy a flexible repayment tenure of up to 36 months.
- Maximum Loan Amount: Apply for a loan of up to Rs 5 Lakh.
- Monthly Income: Maintain a minimum monthly income of Rs 15,000 to meet the eligibility criteria.
Interest Rates & Charges of 2 Lakh Loan on Aadhar Card
Understanding the interest rates and other associated charges is crucial when contemplating a aadhaar card loan of Rs 2 Lakh.
| Fees & Charges | Chargeable Amount |
| Interest Rate | Starting at 19% |
| Processing Fee | 2.5% to 3.5% |
| Overdue EMI Interest | 2-3% per month +GST |
Calculate Your Aadhar Card Personal Loan EMI of 2 lakh: Tenure 1-3 Years
When considering a aadhar card loan of Rs 2 Lakh with a flexible tenure of 1 to 5 years, understanding the monthly EMI becomes essential. Let's explore the EMI variations for a Rs 2 Lakh loan amount with an 11% interest rate across different loan tenures:
| Loan Amount (Rs.) | Tenure (Years) | Interest Rate (%) | Monthly EMI (Rs.) |
| 2,00,000 | 1 | 19% | 18,431 |
| 2,00,000 | 2 | 19% | 10,082 |
| 2,00,000 | 3 | 19% | 7,331 |
Note: This is an estimated amount, the actual EMI may vary.
Also Read: Get Personal Loan on Pan and Aadhar Card
How to Apply for 2 Lakh Personal Loan on an Aadhar Card?
Planning to apply for an instant Rs 2 Lakh loan on an Aadhaar Card? Here's how:
- Download the Hero App: Begin by downloading the Hero FinCorp Personal Loan App or visit the official website.
- Fill in Details: Provide personal and financial details, specifying the loan amount (Rs 2 Lakh) and tenure.
- Upload Documents: Digitally upload the necessary documents.
- Submit Application: Once completed, submit your loan application.
The Hero FinCorp Personal Loan App streamlines the process, allowing you to conveniently and swiftly apply for a Rs 2 Lakh loan on your Aadhaar card.
Conclusion
Obtaining an instant Rs 2 Lakh loan on an Aadhaar card from Hero FinCorp could serve as a vital financial resource. With speedy approvals, minimal paperwork, and user-friendly online applications, it provides a prompt and trustworthy solution for your urgent financial requirements. Don't delay—get access to your assistance today with a Rs 2 Lakh loan on your Aadhaar card.
Also Read: How to Get 50000 Personal Loans with Aadhaar Card
Frequently Asked Questions
1. How long does it take to get approval for an Aadhaar card loan?
An Aadhaar card loan can be approved within 10 minutes with Hero FinCorp, depending on your documents and other eligibility criteria.
2. Are Aadhaar card loans secure and reliable?
Yes, Aadhaar card loans from reputable financial institutions like Hero FinCorp are secure and reliable, offering a legitimate financial solution.
3. Can I get more than one loan on an Aadhaar card?
Defaulting on an Aadhaar card loan can harm your credit score and may also result in legal actions taken by the financial institution. It's better to repay loans on time to avoid such consequences.
4. What happens if I default on an Aadhaar card loan?
Defaulting on an Aadhaar card loan can negatively impact your credit score and result in legal actions taken by the lender. It's essential to repay loans on time to avoid such consequences.
5. Can I apply for a 200000 loan on an Aadhar card?
Yes, you can apply for a personal loan of Rs. 200,000 on an Aadhar card. This process is facilitated by various instant loan apps and websites.
Disclaimer: The content in this blog is intended solely for informational purposes. Although we make every effort to deliver accurate and up-to-date information, Hero Fincorp has provided an estimated EMI amount, which may vary based on recent updates.
